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#49353 Date: October 05, 2021 Subject: IEC Electronics Corp. – Cash Settlement/Acceleration of Expirations Option Symbol: IEC Date: 10/05/21 On October 4, 2021, CTI Acquisition Corp., a direct wholly owned subsidiary of Creation Technologies International Inc., completed its tender offer for IEC Electronics Corp. (IEC). The subsequent merger was consummated before the open on October 5, 2021. As a result, each existing IEC Common Share will be converted into the right to receive $15.35 net cash per share. CONTRACT ADJUSTMENT DATE: October 5, 2021 NEW DELIVERABLE PER CONTRACT: $1,535.00 Cash ($15.35 x 100) Settlement in IEC options will take place through OCC’s cash settlement system. Settlement will be accomplished by payment of the difference between the extended strike amount and the cash deliverable. ACCELERATION OF EXPIRATIONS Pursuant to OCC Rule 807, equity stock option contracts whose deliverables are adjusted to call for cash- only delivery will be subject to an acceleration of the expiration dates for outstanding option series. (See OCC Information Memo 23707) Additionally, the exercise by exception (ex by ex) threshold for expiring series will be $.01 in all account types. All series of IEC Electronics Corp. options whose expiration dates are after 10-15-2021 will have their expiration dates advanced to 10-15-2021. Expiration dates occurring before 10-15-2021 (e.g., Flex options) will remain unchanged. All IEC Electronics Corp. options will utilize a $.01 exercise threshold. Option Symbols: IEC Existing Expiration: All months New expiration date: 10-15-2021 Existing American-style IEC Electronics Corp. options remain exercisable at the option of the holder prior to their expiration. Exercised options will continue to settle in two business days. DISCLAIMER This Information Memo provides an unofficial summary of the terms of corporate events affecting listed options or futures prepared for the convenience of market participants. OCC accepts no responsibility for

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Page 1: IEC Electronics Corp. - Cash Settlement/Acceleration of

#49353

Date: October 05, 2021

Subject: IEC Electronics Corp. – Cash Settlement/Acceleration of ExpirationsOption Symbol: IECDate: 10/05/21

On October 4, 2021, CTI Acquisition Corp., a direct wholly owned subsidiary of Creation Technologies International Inc., completed its tender offer for IEC Electronics Corp. (IEC). The subsequent merger was consummated before the open on October 5, 2021. As a result, each existing IEC Common Share will be converted into the right to receive $15.35 net cash per share.

CONTRACT ADJUSTMENT

DATE: October 5, 2021

NEW DELIVERABLEPER CONTRACT: $1,535.00 Cash ($15.35 x 100)

Settlement in IEC options will take place through OCC’s cash settlement system. Settlement will be accomplished by payment of the difference between the extended strike amount and the cash deliverable.

ACCELERATION OF EXPIRATIONS

Pursuant to OCC Rule 807, equity stock option contracts whose deliverables are adjusted to call for cash-only delivery will be subject to an acceleration of the expiration dates for outstanding option series. (See OCC Information Memo 23707) Additionally, the exercise by exception (ex by ex) threshold for expiring series will be $.01 in all account types.

All series of IEC Electronics Corp. options whose expiration dates are after 10-15-2021 will have their expiration dates advanced to 10-15-2021. Expiration dates occurring before 10-15-2021 (e.g., Flex options) will remain unchanged.

All IEC Electronics Corp. options will utilize a $.01 exercise threshold.

Option Symbols: IECExisting Expiration: All monthsNew expiration date: 10-15-2021

Existing American-style IEC Electronics Corp. options remain exercisable at the option of the holder prior to their expiration. Exercised options will continue to settle in two business days.

DISCLAIMER

This Information Memo provides an unofficial summary of the terms of corporate events affecting listed options or futures prepared for the convenience of market participants. OCC accepts no responsibility for

Page 2: IEC Electronics Corp. - Cash Settlement/Acceleration of

the accuracy or completeness of the summary, particularly for information which may be relevant to investment decisions. Option or futures investors should independently ascertain and evaluate all information concerning this corporate event(s).

The determination to adjust options and the nature of any adjustment is made by OCC pursuant to OCC By-Laws, Article VI, Sections 11 and 11A. The determination to adjust futures and the nature of any adjustment is made by OCC pursuant to OCC By-Laws, Article XII, Sections 3, 4, or 4A, as applicable. For both options and futures, each adjustment decision is made on a case by case basis. Adjustment decisions are based on information available at the time and are subject to change as additional information becomes available or if there are material changes to the terms of the corporate event(s) occasioning the adjustment.

ALL CLEARING MEMBERS ARE REQUESTED TO IMMEDIATELY ADVISE ALL BRANCH OFFICES AND CORRESPONDENTS ON THE ABOVE.

For questions regarding this memo, call Investor Services at 1-888-678-4667 or email [email protected]. Clearing Members may contact Member Services at 1-800-544-6091 or, within Canada, at 1-800-424-7320, or email [email protected]